{"id":570018,"date":"2020-03-16T04:16:08","date_gmt":"2020-03-16T04:16:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/"},"modified":"2020-03-16T04:16:08","modified_gmt":"2020-03-16T04:16:08","slug":"egx30-tumbles-9-3-in-worst-showing-since-2012","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","title":{"rendered":"EGX30 tumbles 9.3% in worst showing since 2012"},"content":{"rendered":"

<\/a> EGX30 tumbles 9.3% in worst showing since 2012:<\/strong> The EGX30 caught up yesterday with last week\u2019s turbulence across global financial markets, closing down 9.3% in what was its sharpest one-day decline since November 2012. Index heavyweight CIB closed down 9.9%. The bourse suspended trading for half an hour<\/a> after the wider EGX100 index fell more than 5%, triggering circuit breakers for the second time this month<\/a>. The EGX30 is now down a bit more than 27% for 2020.<\/p>\n

The heavy selloff came after the EGX was closed on Thursday<\/strong>, a day on which global markets plunged, with US and European markets recording their biggest single-day drops since 1987 after US President Donald Trump\u2019s decision to suspend air travel between the US and Europe. It also followed the government\u2019s rollout over the weekend several measures to contain the covid-19 outbreak. After banning large gatherings and urging citizens to practice social distancing last week, cabinet decided on Saturday<\/a> to close schools and universities nationwide for two weeks.<\/p>\n

Markets across the region took a beating yesterday. <\/strong>Boursa Kuwait (which was also closed on Thursday) closed down 6.5%, while Dubai\u2019s main index fell 3.4%, the Abu Dhabi Exchange ended the day down 1.9%, while Bahrain\u2019s bourse was 1.5% in the red and Saudi\u2019s Tadawul fell 1.1%. Oman, Qatar, and Israel were the only regional markets to close in the green.<\/p>\n

The regional sell-off came despite Egypt, the UAE and Saudi Arabia unveiling a combined <\/strong>USD 47 bn in stimulus packages<\/strong> over the past few days, including a EGP 100 bn response package from Egypt. The efficiency of these packages on easing pressure on businesses \u201clargely depends on the depth and persistence of the coronavirus spread, as well as banks\u2019 appetite to deploy this liquidity into credit growth,\u201d a financial industry analyst told the business information service.<\/p>\n

The CBE sold less than half of the EGP 24 bn in bonds put up for auction yesterday as <\/strong>investors continued to demand higher yields.<\/strong> Investors bought just EGP 11.81 bn of the total amount offered, which was spread between three auctions of six-month, one-year and seven-year bonds. Particularly notable was the six-month issuance, which saw the CBE sell just EGP 111 mn of the EGP 10 bn on offer after investors requested a 15.3% yield \u2014 a full 100 bps higher than the rate accepted by the central bank. It also failed to find buyers for its EGP 3.5 bn seven-year offering, selling EGP 1.2 bn at a yield of 14.6% rather than the 15.3% requested by investors. The CBE did manage to offload all of the EGP 10.5 bn one-year issuance at a yield of 14.7%, marginally below the 14.9% requested by investors.<\/p>\n

EGP WATCH: <\/strong>The EGP dropped three piasters against the greenback yesterday from last week to 15.69. The currency has eased gradually from its peak of 15.49 on 23 February.<\/p>\n","protected":false},"excerpt":{"rendered":"

EGX30 tumbles 9.3% in worst showing since 2012: The EGX30 caught up yesterday with last week\u2019s turbulence across global financial markets, closing down 9.3% in what was its sharpest one-day decline since November 2012. Index heavyweight CIB closed down 9.9%. The bourse suspended trading for half an hour after the wider EGX100 index fell more […]<\/p>\n","protected":false},"author":1,"featured_media":570019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[102,107,68,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-capital-markets","tag-covid-19","tag-egx","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7a867c5b-e75b-4e7a-a096-4ac71c6f9a07","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/184.jpg","photo_position":"above","related_issue":[570013],"teaser":"","voice_url":""},"yoast_head":"\nEGX30 tumbles 9.3% in worst showing since 2012 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX30 tumbles 9.3% in worst showing since 2012\" \/>\n<meta property=\"og:description\" content=\"EGX30 tumbles 9.3% in worst showing since 2012: The EGX30 caught up yesterday with last week\u2019s turbulence across global financial markets, closing down 9.3% in what was its sharpest one-day decline since November 2012. Index heavyweight CIB closed down 9.9%. The bourse suspended trading for half an hour after the wider EGX100 index fell more […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-16T04:16:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX30 tumbles 9.3% in worst showing since 2012\",\"datePublished\":\"2020-03-16T04:16:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\"},\"wordCount\":455,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"covid-19\",\"EGX\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\",\"name\":\"EGX30 tumbles 9.3% in worst showing since 2012 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-03-16T04:16:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGX30 tumbles 9.3% in worst showing since 2012\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EGX30 tumbles 9.3% in worst showing since 2012 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","og_locale":"en_US","og_type":"article","og_title":"EGX30 tumbles 9.3% in worst showing since 2012","og_description":"EGX30 tumbles 9.3% in worst showing since 2012: The EGX30 caught up yesterday with last week\u2019s turbulence across global financial markets, closing down 9.3% in what was its sharpest one-day decline since November 2012. Index heavyweight CIB closed down 9.9%. The bourse suspended trading for half an hour after the wider EGX100 index fell more […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-03-16T04:16:08+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGX30 tumbles 9.3% in worst showing since 2012","datePublished":"2020-03-16T04:16:08+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/"},"wordCount":455,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1","keywords":["capital markets","covid-19","EGX","EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/","name":"EGX30 tumbles 9.3% in worst showing since 2012 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1","datePublished":"2020-03-16T04:16:08+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/egx30-tumbles-9-3-in-worst-showing-since-2012\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGX30 tumbles 9.3% in worst showing since 2012"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/184.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":570053,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/egx-sell-off-continues-as-shares-fall-7\/","url_meta":{"origin":570018,"position":0},"title":"EGX sell-off continues as shares fall 7%","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"The selloff on the EGX continued yesterday, tripping circuit breakers yet again: The sell-off on the EGX continued at pace yesterday, with the benchmark EGX30 index finishing 7.1% in the red and the wider EGX100 falling more than 6%. CIB, the EGX30 heavyweight, closed down 6.7%. Qalaa Holdings and El\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595313,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/egx-has-worst-day-since-2016-after-weekend-protests\/","url_meta":{"origin":570018,"position":1},"title":"EGX has worst day since 2016 after weekend protests","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The EGX turned in its worst showing since 2016 yesterday as investors dumped shares following two nights of protests in Egyptian cities. The benchmark EGX30 index fell 5.32%, while the wider EGX100 closed down nearly 5.7%, its worst single-day decline since 2012. Chemical, real estate, and basic materials companies were\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/845.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569864,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/egx-enters-bear-market-as-covid-19-oil-shock-batter-stocks\/","url_meta":{"origin":570018,"position":2},"title":"EGX enters bear market as covid-19, oil shock batter stocks","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"EGX is now in a bear market as covid-19 fears and the oil shock batter stocks: The benchmark EGX30 index fell yesterday to its lowest level since October 2016 as the threat of an oil price war combined with fears about the spread of covid-19 extended the sell-off into a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554260,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/what-the-markets-are-doing-on-27-december-2021\/","url_meta":{"origin":570018,"position":3},"title":"What the markets are doing on 27 December 2021","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"THE CLOSING BELL-The EGX30 rose 0.9% yesterday on turnover of EGP 1.14 bn (15.2% below the 90-day average). Foreign investors were net sellers. The index is up 9.3% YTD.In the green: Egyptian Company for Tourism Resorts (+4.2%), CIRA (+3.9%) and Orascom Development Egypt (+3.5%).In the red: Oriental Weavers (-3.2%), Egypt\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569617,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/","url_meta":{"origin":570018,"position":4},"title":"EGX30 suffers worst day\u2019s trading since 2012 as covid-19 outbreak hits Middle East stocks","author":"enterpriseam admin","date":"2 March 2020","format":false,"excerpt":"EGX30 suffers worst day\u2019s trading since 2012 as covid-19 outbreak hits Middle East stocks: The benchmark EGX30 index tumbled a bit more than 6% yesterday in its worst showing since 2012 as the spread of the covid-19 virus drove down oil prices and investors caught up with the Friday selldown\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/21.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553231,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/what-the-markets-are-doing-on-27-october-2022\/","url_meta":{"origin":570018,"position":5},"title":"What the markets are doing on 27 October, 2022","author":"enterpriseam admin","date":"27 October 2022","format":false,"excerpt":"The EGX30 rose 4.9% at today\u2019s close on turnover of EGP 2.3 bn (55.1% above the 90-day average). Local investors were net sellers. The index is down 7.3% YTD.In the green: Egypt Kuwait Holding-EGP (+9.7%), QNB Al Ahly (+9.3%) and CIB (+9.2%).In the red: Housing and Development Bank (-2.2%), Madinet\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=570018"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570018\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/570019"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=570018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=570018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=570018"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=570018"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=570018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}